Financial Accounts of the United States - Z.1
F.109 Monetary authority1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving | FA716000105 | -115.0 | -78.4 | -46.0 | -91.9 | -46.1 | -46.0 | -46.0 | -46.0 | -45.9 |
| Line 2 | Fixed nonresidential investment | FA715013005 | 1.3 | 1.4 | 1.5 | 1.4 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 |
| Line 3 | Net acquisition of financial assets | FA714090005 | -842.5 | -845.4 | -210.4 | -741.1 | -799.4 | -513.7 | -210.8 | -309.6 | 192.7 |
| Line 4 | Interbank assets | FA714010005 | 126.1 | -125.9 | 0.5 | -140.8 | -283.2 | -22.1 | 19.4 | -1.4 | 6.2 |
| Line 5 | Federal Reserve float | FA713022003 | -0.0 | -0.5 | -0.0 | -0.2 | -1.6 | 1.6 | 0.1 | -0.1 | -1.7 |
| Line 6 | Loans to private depository institutions | FA713068705 | 125.0 | -125.4 | 1.0 | -140.6 | -285.4 | -19.6 | 19.5 | -1.8 | 6.1 |
| Line 7 | Discount window2 | FA713068703 | -1.8 | -0.2 | 6.4 | -19.7 | 1.9 | -1.7 | 20.9 | 0.4 | 6.1 |
| Line 8 | AMLF and MMLF loans3 | FA763069143 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 9 | PPPLF loans4 | FA713068725 | -2.4 | -0.4 | -1.0 | 0.3 | -0.8 | -0.3 | -1.4 | -2.2 | 0.0 |
| Line 10 | Bank Term Funding Program loans | FA713068763 | 129.2 | -124.8 | -4.4 | -121.2 | -286.5 | -17.6 | 0.0 | 0.0 | 0.0 |
| Line 11 | Other credit extensions | FA713068753 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 12 | Official reserve deposits | FA713011515 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 | 0.5 | 0.0 |
| Line 13 | Nonofficial foreign currencies (swap lines)5 | FA713091103 | 0.9 | -0.2 | -0.6 | -0.2 | 3.9 | -4.1 | -0.2 | 0.0 | 1.8 |
| Line 14 | Currency (coin) | FA713012003 | 0.2 | 0.1 | 0.0 | 0.3 | -0.1 | 0.3 | -0.4 | 0.1 | -0.0 |
| Line 15 | Other deposits | FA713011405 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 |
| Line 16 | Security repurchase agreements | FA712051005 | -0.0 | 0.0 | 74.6 | 10.5 | -10.4 | 5.2 | 39.1 | -20.3 | 274.4 |
| Line 17 | Debt securities | FA714022005 | -957.2 | -719.6 | -282.0 | -599.5 | -515.4 | -492.2 | -269.5 | -281.0 | -85.3 |
| Line 18 | Open market paper | FA713069603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 19 | Treasury securities | FA713061103 | -740.9 | -515.3 | -82.0 | -377.9 | -314.6 | -310.1 | -62.3 | -65.6 | 110.1 |
| Line 20 | Treasury bills | FA713061113 | -72.4 | -20.9 | 38.5 | 1.1 | 0.4 | 1.2 | 0.1 | 0.8 | 151.7 |
| Line 21 | Other Treasury securities | FA713061125 | -668.6 | -494.4 | -120.4 | -379.0 | -315.0 | -311.3 | -62.4 | -66.4 | -41.6 |
| Line 22 | Agency- and GSE-backed securities | FA713061705 | -216.3 | -204.2 | -200.2 | -221.7 | -200.8 | -182.1 | -207.5 | -215.6 | -195.7 |
| Line 23 | Mortgage-backed securities | FA713061903 | -216.2 | -204.2 | -200.2 | -221.7 | -200.8 | -182.1 | -207.5 | -215.6 | -195.6 |
| Line 24 | Other agency- and GSE-baked securities | FA713061703 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 |
| Line 25 | Foreign bonds | FA713011525 | -0.0 | -0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.3 |
| Line 26 | Loans (depository institution loans n.e.c.) | FA713068005 | -13.4 | -4.9 | -4.5 | -6.1 | -3.5 | -3.4 | -2.3 | -7.2 | -5.0 |
| Line 27 | Households (TALF I) | FA713068813 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 28 | Brokers and dealers6 | FA713068665 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 29 | Finance companies (PPPLF)4 | FA713068863 | -5.6 | -1.1 | -0.9 | -2.4 | -0.5 | -0.2 | -0.2 | -3.2 | -0.1 |
| Line 30 | Other financial business7 | FA713068505 | -7.8 | -3.9 | -3.5 | -3.7 | -3.0 | -3.2 | -2.1 | -3.9 | -4.9 |
| Line 31 | Corporate equities8 | FA713064103 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 32 | Miscellaneous assets | FA713090005 | 1.8 | 4.9 | 1.0 | -5.4 | 13.2 | -1.6 | 3.0 | 0.1 | 2.4 |
| Line 33 | Gold certificates | FA713011203 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 34 | SDR certificates | FA713014003 | 0.0 | 10.0 | 0.0 | 0.0 | 20.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 35 | Other | FA713093005 | 1.8 | -5.1 | 1.0 | -5.4 | -6.8 | -1.6 | 3.0 | 0.1 | 2.4 |
| Line 36 | Net increase in liabilities and equity | FA714194005 | -842.3 | -845.2 | -210.3 | -741.1 | -798.8 | -513.7 | -210.9 | -309.5 | 193.0 |
| Line 37 | Net increase in liabilities | FA714190005 | -843.4 | -846.3 | -212.2 | -741.7 | -800.9 | -514.7 | -216.2 | -310.3 | 192.2 |
| Line 38 | Interbank liabilities (depository institution reserves) | FA713113003 | 449.9 | -242.4 | -38.9 | -517.1 | -128.6 | 1006.8 | -793.6 | -348.5 | -20.3 |
| Line 39 | Checkable deposits and currency | FA713120005 | 319.7 | -20.3 | 280.7 | 483.7 | -619.5 | -1104.3 | 400.5 | 1816.4 | 10.1 |
| Line 40 | Due to federal government | FA713123005 | 322.2 | -46.8 | 151.0 | 431.3 | -655.3 | -1263.9 | 204.8 | 1735.1 | -72.0 |
| Line 41 | Treasury cash holdings | FA713123023 | 0.3 | -0.1 | 0.0 | -0.4 | 0.0 | 0.5 | 0.0 | -0.3 | -0.1 |
| Line 42 | Treasury general deposit account | FA713123030 | 321.9 | -46.7 | 151.0 | 431.7 | -655.3 | -1264.4 | 204.8 | 1735.4 | -71.9 |
| Line 43 | Treasury temporary suppl. financing account | FA713123043 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 44 | Due to government-sponsored enterprises | FA713124005 | 3.4 | -1.1 | 6.0 | -4.1 | 3.0 | 5.9 | 2.0 | 2.8 | 13.3 |
| Line 45 | Due to other financial business9 | FA713129005 | -44.3 | 2.0 | 52.0 | 42.9 | 8.0 | 95.9 | 117.4 | -5.6 | 0.4 |
| Line 46 | Due to rest of the world | FA713122605 | 0.8 | -0.0 | -0.2 | -0.0 | 0.0 | -1.0 | -0.0 | -0.0 | 0.0 |
| Line 47 | Currency outside banks | FA713125005 | 40.5 | 22.8 | 72.8 | 15.2 | 17.0 | 71.2 | 79.3 | 74.7 | 66.1 |
| Line 48 | Vault cash of depository institutions | FA703025005 | -3.0 | 2.7 | -0.9 | -1.6 | 7.8 | -12.4 | -2.9 | 9.5 | 2.2 |
| Line 49 | Security repurchase agreements | FA712151003 | -1498.9 | -502.3 | -426.2 | -612.1 | -46.6 | -335.2 | 220.4 | -1737.7 | 147.7 |
| Line 50 | Reverse repurchase agreement operations10 | FA712151103 | -1535.2 | -545.0 | -367.5 | -795.7 | 31.3 | -297.2 | 246.3 | -1646.6 | 227.7 |
| Line 51 | Other11 | FA712151115 | 36.3 | 42.7 | -58.7 | 183.6 | -77.9 | -38.0 | -25.8 | -91.1 | -80.0 |
| Line 52 | Miscellaneous liabilities | FA713193005 | -114.1 | -81.3 | -27.8 | -96.2 | -6.1 | -82.0 | -43.5 | -40.5 | 54.7 |
| Line 53 | Net equity issues | FA713164005 | 1.1 | 1.1 | 2.0 | 0.6 | 2.1 | 1.0 | 5.3 | 0.8 | 0.7 |
| Line 54 | Treasury contributions to MMLF | FA313094213 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 55 | Federal Reserve Bank stock | FA713164003 | 1.1 | 1.1 | 2.0 | 0.6 | 2.1 | 1.0 | 5.3 | 0.8 | 0.7 |
| Line 56 | Discrepancy | FA717005005 | -116.1 | -79.6 | -47.5 | -93.4 | -46.9 | -47.5 | -47.7 | -47.4 | -47.3 |
Notes:
- Assets and liabilities of Federal Reserve Banks. Excludes the accounts of the Federal Reserve Board.
- Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve's Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
- Includes reverse repurchase agreements conducted through the Federal Reserve's Foreign Repo Pool.
- Loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.
- Loans extended to U.S.-chartered depository institutions through the 2008-2010 Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF) and the 2020 Money Market Mutual Fund Liquidity Facility (MMLF). The AMLF was dissolved in 2010:Q1.
- Loans extended to depository institutions (line 9) and finance companies (line 29) through the Paycheck Protection Program Liquidity Facility (PPPLF).
- Reciprocal currency arrangements (swap lines) with foreign central banks.
- Loans extended through the Federal Reserve's Primary Dealer Credit Facility (PDCF), AMLF (2008-2010), and MMLF (2020).
- Loans extended to Federal Reserve funding, credit, and liquidity facility special purpose vehicles created in response to the 2008 Financial Crisis and COVID-19 pandemic.
- Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, which were created to hold the outstanding common stock of two AIG life insurance subsidiaries.
- Deposits of designated financial market utilities (DFMU) and deposits of Federal Reserve facility LLC's special purpose vehicles.
Last Update: 2026-03-19